As demand for energy and power infrastructure surges due to AI expansion, South Korean companies are accelerating their entry into the North American market.
The Korea Trade-Investment Promotion Agency (KOTRA) and Gyeongsangnam-do announced on June 21 that they held the "Gyeongnam Energy and Power Equipment North America Export Roadshow" from June 15, featuring ten small and medium-sized enterprises (SMEs) from the province and Korea Hydro & Nuclear Power, in Houston, Texas, and Toronto, Canada.
This event was organized to support the export growth of Gyeongnam companies, which are home to many partners of Doosan Enerbility and Hyosung Heavy Industries. Participating companies showcased specialized equipment technologies, including cranes for power plants, pump modules, explosion-proof cables, and turbine blades.
Recently, both the United States and Canada have been pursuing large-scale investments to modernize their power grids and transition to renewable energy. The U.S. Department of Energy plans to invest $1.9 billion (approximately 2.9 trillion won) over the next four years for national power grid modernization.
The Canadian government also aims to double its power grid capacity and add up to 190 GW of low-carbon generation facilities by 2050. As a significant overhaul of energy infrastructure occurs across North America, opportunities for South Korean equipment companies with strengths in generation and transmission are expected to expand further.
In line with this, KOTRA operated a Korean pavilion at the "Energy Project Expo (EPC SHOW)" held in Houston on June 16 (local time). Over 7,000 representatives from global companies, including Bechtel and Fluor, attended the event, where South Korean firms conducted export consultations with around 400 companies, including pre-matched buyers. Korea Hydro & Nuclear Power actively promoted K-nuclear technology while supporting SMEs.
On June 19, a business-to-business (B2B) export consultation and an industry briefing on Canadian EPC and nuclear power were held in Toronto. Some participating companies, including RS Co., which produces precision cast products for nuclear power, committed to follow-up discussions on estimates and technical specifications with North American firms, laying the groundwork for entering the local nuclear and small modular reactor (SMR) markets.
KOTRA President Kang Kyung-seong stated, "Power and energy equipment are in high demand in North America, providing significant opportunities for our trusted companies to enter the market. We will continue to collaborate with local governments to actively support the overseas market development of regionally specialized industries."
* This article has been translated by AI.
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